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Breast Pump Market Size, Share, Growth & Demand by 2033 | FMI

In a ground-breaking revelation, the Global Breast Pump Industry is poised to witness a significant transformation, with estimates indicating a valuation of US$ 1,827.00 million in 2023. The market is forecasted to ascend to an impressive US$ 2,672.30 million by 2033, exhibiting a commendable Compound Annual Growth Rate (CAGR) of 3.90%.

This anticipated growth is underpinned by a confluence of factors, including technological advancements, increasing awareness about maternal health, and a rising emphasis on convenience for breastfeeding mothers. The Global Breast Pump Industry’s evolution aligns with the evolving landscape of healthcare and family-oriented technologies.

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Since the last few years, the percentage of working women in workplaces across the globe has been declining (46.2% in 2019 as compared to 50.9% in 1990 as per “Catalyst”).

Emerging economies are witnessing impressive growth in healthcare spending. This can be attributed to improvements in healthcare technology and changing lifestyles, which is fuelling the demand for breast pumps among urban women. According to WHO, global healthcare spending rose by 2.4% in 2014 over 2013. Healthcare spending is growing at a rate of 5% in developing regions. A rise in healthcare expenditure is expected to boost the overall adoption of breast pumps among women, especially in the Asia Pacific.

Breast pump adoption is as high as 85% among breastfeeding women at 3 months post-birth. Furthermore, marketplace discussions indicate that the availability of breast pump accessory products will also encourage the adoption of electric breast pumps in developed markets. In this regard, infant product manufacturers are increasingly bundling other pump-related products, such as nursing bras and breast pumping bras, to sell complete packages of breast pumps, which is more profitable than isolated sales. Electrical breast pump packages find more adoption than manual breast pump products due to better volume of output. These innovative solutions are projected to fuel Global Breast Pump Industry revenues in the global electric breast pump market during the forecast period.

Key Players:

Koninklijke Philips N.V.,
Pigeon Corporation,
Newell Brands,
Medela Inc.,
Ameda Inc.,
Hygeia II Medical Group Inc.,
Bailey Medical,
Mayborn Group Ltd. and Linco Baby Merchandise Works Co., Ltd.
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The Electric breast pump market is more technologically advanced with higher product pricing and low penetration. This category of breast pump comprises few global breast pump manufacturing companies. Potential new entrants in the Global Breast Pump Industry are trying to capture and improve their market position by using innovative marketing strategies, such as inorganic growth. Breast pump manufacturers are expanding their product portfolio using the latest technologies.

The availability of BPA-free breast pump products is fuelling breast pump adoption in developed as well as more affluent markets in developing regions. In the recent past, breast pump manufacturers have begun offering bisphenol A or BPA-free breast pump products to increase sales. BPA is a chemical used to make milk containers or feeding bottles rigid and more resistant and has been associated with adverse health effects, such as neural and fertility issues. Examples of some BPA-free breast pump products are the Philips Avent Manual Comfort Breast Pump from Koninklijke Philips N.V. and BPA-free breast pumps by Medela, Inc.

The rapid rise in promotional/supporting campaigns for Breast Pump products is fuelling revenue growth of the Global Breast Pump Industry. In November 2012, leading breast pump manufacturer Medela launched a campaign titled ‘Virtual Human Milk Collection Campaign’ to commemorate Prematurity Awareness Month, where the breast pump manufacturer encouraged and demonstrated the importance of breast milk for infants and babies. Medela has also donated US$ 30,000 worth of breastfeeding-related products to various neonatal intensive care units across the U.S.

Some of the leading breast pump manufacturing companies analyzed in the report include Koninklijke Philips N.V., Pigeon Corporation, Newell Brands, Medela Inc., Ameda Inc., Hygeia II Medical Group Inc., Bailey Medical, Mayborn Group Ltd. and Linco Baby Merchandise Works Co., Ltd.

Additional Questions Answered

Readers can find detailed information about the important positive and negative factors likely to affect the Breast Pump market during the forecast period. Additionally, this Global Breast Pump Industry report also contains valuable information that can provide Breast Pump manufacturers with answers to critical questions, such as

Which types of products account for the maximum demand in the Global Breast Pump Industry and why?
Why is the sales of Breast Pump services and products highest in North America?
Which regulations in various regional segments are influencing the strategies of players in the Breast Pump market?
Why is APEJ currently attracting traction in the Global Breast Pump Industry?
What are some of the current technology types and trends adopted by various Breast Pump companies?
What are the promotional strategies being applied by breast pump manufacturers to sustain themselves in the competitive Breast Pump market?

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Key Segments Covered

by Product Type

Open System Breast Pumps
Closed System Breast Pumps
by Technology Type

electric
manual breast pumps
by End User

homecare settings
healthcare facilities

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Dengue Vaccines Market Size, Trends & Forecast by 2033 | FMI

Future Market Insights (FMI), a leading market research firm, has unveiled a comprehensive analysis forecasting promising prospects for the Global Dengue Vaccines Industry. The study anticipates substantial advancements in the sector, with projections indicating a remarkable growth trajectory surpassing US$ 1603.7 million by the year 2033, driven by a robust double-digit Compound Annual Growth Rate (CAGR).

Key pharmaceutical companies, having successfully concluded clinical trials, are gearing up for potential new product launches. Analysts express optimism about the imminent expansion of the growth horizon within the Dengue vaccine industry. The strategic insights provided by FMI underscore the industry’s potential to address the rising prevalence of dengue fever, particularly in the Asia-Pacific region.

The Asia-Pacific region has witnessed a surge in the incidence of dengue fever, escalating the demand for effective medicines and vaccines to combat this viral disease. Against this backdrop, some pharmaceutical companies are focusing on the development of innovative dengue vaccines. FMI’s latest report highlights a positive trajectory for the Global Dengue Vaccines Industry, with a projected total valuation of US$ 474.8 million expected in 2023.

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Geographic Overview

Latin America is expected to remain the second largest market for dengue vaccines, with a valuation of nearly US$ 290 million by the end of the forecast period. The report also predicts that more pharmaceutical companies will become involved in the expansion of the Global Dengue vaccine industry shortly.

According to the report, government institutes will continue to be the largest end-users of dengue vaccines. Dengue vaccine sales across government institutes will generate nearly US$650 million in revenue by the end of 2027. Furthermore, hospitals will maintain their dominance, with double-digit CAGRs throughout the forecast period. Sales of the sole vaccine, Dengvaxia, manufactured by Sanofi, are currently driving market growth. Furthermore, the factors influencing the market growth profiled in the report are discussed below.

Key Highlights of Global Dengue Vaccines Industry Report

Other than the burdening occurrence of dengue in some countries, the economic turmoil in Latin America is estimated to influence the growth of the global market at the macroeconomic level.
Live attenuated vaccines are also produced and developed economically, thereby consoling the vaccine market and patients.
Low availability of optimum diagnostic systems and lack of skilled professionals have led to cases, where dengue fever is being treated as undistinguished febrile disease.
The global market of dengue vaccines is likely to secure an opportunistic revolution when companies are likely to able to successfully develop effective vaccines for all age groups.
Overall, the global dengue vaccines market, which is currently valued at nearly US$ 250 million, will increase rapidly to reach over US$ 1,250 million in terms of revenues, by the end of 2027.

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According to FMI’s report, the following dengue vaccine manufacturers operate within the Global Dengue Vaccines Industry landscape:

Sanofi Pasteur Limited
Takeda Pharmaceutical Company Limited
Merck & Co. Inc.
GlaxoSmithKline Plc.
GeneOne Life Science Inc.
Medigen Vaccine Biologics Corporation
Panacea Biotec Limited
Sun Pharmaceutical Industries Ltd
Serum Institute of India Pvt. Ltd.
Biological E Ltd.
Global Dengue Vaccines Industry Key Segments Covered

Product

CYD-TDV (Dengvaxia)
End-User

Hospitals
Government Institutes
Non-governmental Organizations (NGOs)
Region

North America (US and Canada)
Latin America (Brazil, Mexico, Venezuela and Rest of LATAM)
Western Europe (Germany, UK, France, Spain, Italy and Rest of Western Europe)
Eastern Europe (Russia, Poland and Rest of Eastern Europe)
APEJ (The Philippines, Indonesia, Malaysia, Thailand, Vietnam, India and Rest of APEJ)
Japan
Middle East & Africa (GCC, Northern Africa, South Africa and Rest of MEA)

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Terminal Automation Market Forecasted to Top US$ 11.1 Billion by 2033

The terminal automation Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the terminal automation market. Encompassing the research's scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for terminal automation. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.
The global terminal automation market is forecasted to record a substantial revenue of US$ 7.4 billion by the year 2023, with a projected expansion at a Compound Annual Growth Rate (CAGR) of 4.1% to reach US$ 11.1 billion by 2033. This growth trajectory can be attributed to several key drivers that bolster the advancement and widespread adoption of terminal automation. Of paramount importance is the heightened demand for operational efficiency and cost optimization in terminal operations. The integration of automation technologies empowers terminals to streamline their processes, bolster productivity, and minimize errors, consequently enhancing overall operational efficacy and reducing operating expenses.
Despite the promising prospects for expansion, the terminal automation market faces certain challenges and constraints that warrant careful consideration. Chief among these is the significant upfront capital required for the implementation of terminal automation systems. The adoption and integration of sophisticated automation technologies often entail substantial costs, potentially deterring certain terminal operators, especially smaller stakeholders, from embracing these solutions. Moreover, the complexity inherent in the existing legacy systems and infrastructure across diverse terminals poses a formidable challenge in the seamless assimilation of novel automation technologies.
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The realm of terminal automation presents a multitude of promising avenues for manufacturers, service providers, and stakeholders alike. One particularly notable opportunity arises from the convergence of Internet of Things (IoT) technology with terminal automation systems. By leveraging IoT devices and sensors, terminals can capture real-time data, enable predictive maintenance, and improve operational efficiency. The integration of cloud-centric solutions further opens up extensive possibilities, offering heightened scalability, adaptability, and improved data accessibility. Additionally, the growing demand for advanced analytics and insights derived from data provides solution providers with the prospect of developing sophisticated software platforms that facilitate comprehensive monitoring, optimization, and reporting functionalities.
In the current landscape of the terminal automation market, several significant trends are actively shaping its trajectory. The fusion of automation and digitization stands out as a prominent trend within the industry. Terminals are progressively incorporating advanced technologies such as artificial intelligence, machine learning, and robotics to streamline operations. This ongoing trend empowers terminals to automate complex processes, optimize resource allocation, and bolster decision-making through cutting-edge analytics. Notably, the adoption of sustainability practices within terminal automation has emerged as a key trend. Operators are increasingly embracing sustainable alternatives, including energy-efficient mechanisms and renewable energy sources, as part of their efforts to minimize their ecological footprint.
Key Takeaways:
The United States is positioned for continuous development in the terminal automation industry, with a market size of US$ 1.7 billion by 2033.
• By 2033, the size of the UK's terminal automation industry is anticipated to be US$279.2 million.
• By 2033, China is anticipated to have a market worth US$ 2.9 billion.
• A robust CAGR of 4.3% is anticipated for Japan's terminal automation industry, which is anticipated to reach US$ 2.0 billion by 2033.
• South Korea exhibits tremendous potential in the terminal automation industry, with a market size of US$ 704.9 million by 2033.
• The software offerings segment dominates the market with a 4.0% CAGR between 2023 and 2033.
• The oil and gas industry dominates the market, with a 3.9% CAGR between 2023 and 2033.
What are Key Players Doing to Thrive in the Terminal Automation Market?
The terminal automation industry's competitive landscape is characterized by several key players striving to establish their dominance and capture a significant market share. To stay ahead, these players engage in continuous innovation, strategic partnerships, and mergers and acquisitions. Some of the prominent companies operating in the industry include:
1. Varec, Inc.: Varec specializes in providing advanced terminal automation solutions, including tank gauging, inventory management, and logistics optimization. The company focuses on delivering integrated systems that enhance operational efficiency and ensure compliance with industry standards.
2. Rockwell Automation, Inc.: Rockwell Automation offers a comprehensive portfolio of automation and control solutions for terminal operations. The company's expertise lies in providing scalable and flexible solutions that enable seamless integration of various processes, resulting in enhanced productivity and optimized performance.
3. Honeywell International Inc.: Honeywell is a global automation and process control solutions leader. The company offers various terminal automation technologies, including control systems, safety systems, and asset management solutions. Honeywell's emphasis on safety, reliability, and operational excellence positions it as a key player in the industry.
4. ABB Ltd.: ABB specializes in providing innovative automation and electrification solutions for terminals across various industries. The company's offerings include terminal management systems, control systems, and advanced analytics solutions, enabling terminals to optimize operations, reduce costs, and improve safety.
5. Siemens AG: Siemens is a leading provider of automation solutions for the terminal industry. The company offers a comprehensive portfolio of products and services, including process automation, asset management, and digitalization solutions. Siemens' focus on technological advancements and digital transformation ensures its competitive edge in the market.
Key Players in the Market:
• Varec, Inc.
• Rockwell Automation, Inc.
• Honeywell International Inc.
• ABB Ltd.
• TechnipFMC PLC
• Siemens AG
• Endress+Hauser Group Services AG
• Schneider Electric
• Emerson Electric
• Yokogawa Electric Corporation
• Implico Group
Terminal Automation Market Segmentation
By Offerings:
• Control Systems
• Security Systems
• Tank Gauging System
• Tank Loading Area
• Software
By End User:
• Oil & Gas
• Chemical
• Others
By Region:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Dynamics of the US$ 1,526.0 Million Static VAR Compensator Market

The Static VAR Compensator Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Static VAR Compensator market. Encompassing the research's scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Static VAR Compensator. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.
The Global Static VAR Compensator Market Size is poised to achieve a remarkable milestone, surging past the formidable benchmark of US$ 815.0 million by the year 2023. This extraordinary growth trajectory is underpinned by an impressive CAGR of 6.5%, propelling the market to an astounding valuation of US$ 1,526.0 million by 2033.
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Driving Factors
The Global Static VAR Compensator market's meteoric rise is driven by several key factors, which include:
Rising Energy Demand: The insatiable global appetite for electricity, spurred by industrialization and urbanization, has created an incessant demand for reliable power quality. Static VAR Compensators are instrumental in enhancing grid stability and reducing voltage fluctuations, thus bolstering their adoption.
Renewable Energy Integration: The rapid integration of renewable energy sources, such as wind and solar, into the power grid necessitates advanced solutions for voltage control. Static VAR Compensators play a pivotal role in ensuring grid reliability and enabling seamless renewable energy integration.
Industrial Growth: Increasing industrialization, especially in emerging economies, has driven the demand for uninterrupted power supply. Static VAR Compensators offer precise voltage control, safeguarding critical industrial processes against disruptions.
Environmental Concerns: Growing environmental consciousness has led to stringent regulations on power quality. Static VAR Compensators mitigate voltage sags and surges, reducing energy wastage and minimizing carbon footprint.
Restraints
Despite its robust growth, the Global Static VAR Compensator market encounters certain constraints:
High Initial Costs: The upfront capital required for implementing Static VAR Compensators can be substantial. This may deter budget-constrained regions from adopting these solutions, hindering market expansion.
Technical Complexity: The installation and maintenance of Static VAR Compensators demand specialized knowledge and expertise, limiting their accessibility to some market segments.
Limited Awareness: Awareness regarding the benefits of Static VAR Compensators remains relatively low in certain regions, impeding their widespread adoption.
In conclusion, the Global Static VAR Compensator market's journey towards the coveted US$ 1,526.0 million valuations by 2033 is fueled by compelling drivers, while carefully addressing the associated restraints will be essential to unlock its full potential. This market's resilience and adaptability underscore its pivotal role in shaping the future of power quality management on a global scale.
Competitive Landscape:
The worldwide market for Static VAR Compensator (SVC) displays a landscape marked by fragmentation, encompassing a diverse array of companies providing adaptable AC transmission systems for various applications. Dominant manufacturers have firmly established their authority in regions where there is a substantial need for robust compensators.
Prominent market participants are actively engaged in global operations and are strategically leveraging both organic and inorganic growth approaches to fortify their market presence. Certain players are focusing on specific geographical areas to cater to the burgeoning demand for FACTS (Flexible AC Transmission Systems) devices, particularly within the utility and renewable energy sectors. Furthermore, a fierce competitive environment prevails among these pivotal SVC industry players, as they vie to secure a notable share of the market.
Key Players Working in the Static VAR Compensator Market
• American Superconductor Corporation.
• Eaton
• General Electric
• Hitachi ABB Power Grids
• Mitsubishi Electric Corporation
• Nidec Electrical Solutions
• Nissin Electric Co., Ltd.
• NR Electric Co., Ltd.
• Siemens AG
• Hyosung

Static VAR Compensator Market Segmentation by Category
By Type:
• Thyristor-based
• TCR-FC
• TCR-TSC
• MCR-based
By Component:
• Power Electronic Device
• Harmonic Filter
• Thyristor
• Reactor
• Capacitor Bank
• GIS Switchgear
• Control Protection System
• Others
By End Use:
• Electric Utility
• Railways
• Industrial
• Steel and Metal
• Mining
• Heavy Industrial
• Oil & Gas
By Region:
• North America
• Latin America
• Europe
• Asia Pacific
• The Middle East and Africa

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